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Shopify Inc
Symbol SHOP
Shares Issued 1,215,228,115
Close 2025-01-15 C$ 149.42
Market Cap C$ 181,579,384,943
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Post says Shopify buys two "Shop" URLs

2025-01-15 09:23 ET - In the News

The Financial Post reports in its Wednesday edition that Shopify has scooped up a pair of Internet domain names from a smaller Canadian e-commerce player for more than $500,000, as it continues to build out an on-line platform under the "Shop" banner. The Post's Jane Switzer writes that Emerge Commerce Ltd. sold the domains Shop.ca and Shop.us to Shopify on Jan. 6. The URLs now redirect users to Shopify's Shop App website, a marketplace for Shopify-hosted retailers marketed as a "digital shopping assistant" where shoppers can search products and brands, make purchases and track shipments. The sale would put the deal among the top publicly reported all-cash domain name sales so far in 2025, according to domain name sales database Namebio. According to Namebio, the top-five most expensive publicly reported all-cash domain names sold last year were Rocket.com for $14-million (U.S.) and Gold.com for $8.5-million (U.S.). The most expensive publicly reported all-cash domain sale dating back to 1999 is Voice.com at $30-million (U.S.). Shop.ca emerged in 2011 as a made-in-Canada player in the e-commerce marketplace space, billing itself as "Canada's largest online shopping destination." The company filed for bankruptcy in 2016.

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